question archive Ali borrows 90000TL with monthly interest rate (for one month) 1% for a 14-year term and the credit will be paid monthly with equal payments
Ali borrows 90000TL with monthly interest rate (for one month) 1% for a 14-year term and the credit will be paid monthly with equal payments
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Ali borrows 90000TL with monthly interest rate (for one month) 1% for a 14-year term and the credit will be paid monthly with equal payments. a) Calculate the monthly payment for 14-year credit? b) After 111-months Ali wants to pay the remaining debt (without any commission or penalty). How much Ali needs to pay?
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